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DooPrime Review 2024

Item: DooPrime
Rating: 4

Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg

May 02, 2024

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

DooPrime offers a comprehensive forex and CFD trading experience, supported by an extensive range of tradable symbols and multiple trading platforms, making it a relatively competitive option for traders.

Despite its exhaustive offering, we were unable to obtain average spread data when evaluating the broker's trading costs.

Overall Rating

7.8 / 10

Minimum Deposit

$100

Trust Score info

Trusted

Pros and Cons

thumb_up_off_alt Pros

Broad Offering: DooPrime supports a vast range of 10,000 tradable symbols, making it ideal for traders looking for diversity in trading options.
Education Focused: Offers comprehensive educational resources, catering well to both beginners and advanced traders.
Multiple Platforms: Provides both MetaTrader 4 and MetaTrader 5 platforms, along with proprietary options, meeting various trading needs.

thumb_down_off_alt Cons

Average Commission Costs: The commission and fees structure is considered average, which might not appeal to cost-sensitive traders.
Lacks VIP Discounts: The absence of active trader or VIP discounts can be a drawback for high-volume traders.

Ratings Summary

Investment Types - 9.5/10
Commissions & Fees - 6.0/10
Trading platforms - 8.0/10
Research - 7.5/10
Mobile Apps - 7.5/10
Education - 7.5/10
Overall - 7.8/10

Can I trust DooPrime?

We found that DooPrime is trustworthy. It is authorised by the U.S. Commodity Futures Trading Commission (CFTC), the U.K. Financial Conduct Authority, and in the European Union via the MiFID passporting system. According to ForexBrokers.com, with a Trust Score of 83, DooPrime is considered "Trusted."

DooPrime is currently licensed and/or authorised by the following regulatory bodies:

Tier-1 Regulators - Securities Futures Commission (SFC), Financial Conduct Authority (FCA), Commodity Futures Trading Commission (CFTC), and regulated in the European Union via the MiFID passporting system
Tier-2 Regulators - None
Tier-3 Regulators - None
Tier-4 Regulators - Mauritius' Financial Services Commission (FSC), Vanuatu Financial Services Commission (VFSC), and the Financial Services Authority (FSA)

Is DooPrime good for beginners?

Yes, DooPrime is suitable for beginners, offering extensive educational materials and user-friendly trading platforms.

Feature	DooPrime
Education (Forex or CFDs) info	Yes
Client Webinars info	No
Videos - Beginner Trading Videos info	Yes
Videos - Advanced Trading Videos info	Yes
Investor Dictionary (Glossary) info	No

DooPrime commissions and fees summary

DooPrime's fees are average, with no inactivity charges but no special discounts for high-volume traders.

Feature	DooPrime
Minimum Deposit info	$100
Average Spread EUR/USD - Mini info	N/A info
Average Spread EUR/USD - Standard info	N/A info
All-in Cost EUR/USD - Active info	N/A info
Active Trader or VIP Discounts info	No

DooPrime trading platforms and tools

tips_and_updates Did you know? Trading platforms comparison

Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.

DooPrime offers a strong selection of trading platforms, including both MetaTrader versions and proprietary software.

Trading platforms offered: DooPrime provides MetaTrader 4, MetaTrader 5, and its proprietary platform, catering to diverse trading preferences.

Trading tools: A comprehensive set of trading tools is available, enhancing trade execution and market analysis.

Copy trading: Copy trading is available, offering an option for traders to mimic the strategies of more experienced traders.

Feature	DooPrime
Virtual Trading (Demo) info	Yes
Proprietary Platform info	Yes
Desktop Platform (Windows) info	Yes
Web Platform info	Yes
MetaTrader 4 (MT4) info	Yes
MetaTrader 5 (MT5) info	Yes
DupliTrade info	No

Mobile trading apps at DooPrime

The mobile trading apps at DooPrime are rated as average, providing a solid, though not outstanding, mobile trading experience.

Feature	DooPrime
Android App info	Yes
Apple iOS App info	Yes
Mobile Economic Calendar info	Yes
Mobile Alerts - Basic Fields info	Yes
Mobile Charting - Draw Trendlines info	Yes
Mobile Watchlist info	Yes

How do I open an account with DooPrime?

Visit the DooPrime website and locate the account registration page.
Fill in the required personal information and verify your email address.
Submit necessary KYC documents to verify identity and residence.
Once approved, fund your account using one of the supported payment methods.
Begin trading once your account is set up and funded.

What can I trade at DooPrime?

DooPrime offers a diverse portfolio with 60 forex pairs and 10,000 tradeable symbols, significantly higher than the industry average, providing ample trading opportunities.

Feature	DooPrime
Tradeable Symbols (Total) info	10000
Forex Pairs (Total) info	60
Social Trading / Copy Trading info	Yes
Cryptocurrency (Physical) info	No
Cryptocurrency (Derivative) info	No
Spread Betting info	No

Account funding at DooPrime

DooPrime supports multiple funding options, including bank wires, Neteller, PayPal, credit cards, and Skrill, accommodating a wide range of payment preferences.

Feature	DooPrime
Visa/Mastercard (Credit/Debit) info	Yes
Bank Wire (Deposit/Withdraw) info	Yes
PayPal (Deposit/Withdraw) info	Yes
Skrill (Deposit/Withdraw) info	Yes
Neteller (Deposit/Withdraw) info	Yes

About DooPrime

DooPrime was founded in 2014 with its main headquarters in Hong Kong and has established itself as a significant player in the forex and CFD trading industry. The broker emphasizes providing a versatile trading experience through a variety of platforms and tools, catering to both beginner and advanced traders.

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Methodology

At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).

AI disclaimer

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Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team

BrokerNotes.co

BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

Steven Hatzakis

Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Jeff Anberg

Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.